How Much Does Providence, RI, Car Insurance Cost?
On average, premiums in Providence are 37% greater than the state average, so cutting costs while insuring a vehicle in Providence is especially vital. Why don't we take a look at how to find cheap car insurance in Providence?
- City Average: $2,745
- State Average: $2,004
- National Average: $1,427
Providence Car Insurance by Accident or Violation History
Does your driving record show a history of accidents or violations? That can cost you in terms of car insurance rates. Insurance rates are impacted by at-fault accident history, and more specifically, by how much damage resulted from the accidents. Being at-fault in an accident with damages exceeding $2,000 costs you an extra $562 per year in premiums compared to an accident with damages less than $1,000. In general, a DUI in Providence will cost you 77% more in car insurance premiums versus the city average ($2,745). Reckless driving will also drive your rates up, with average rates of $5,042. That is 84% higher than the city average!
- DUI: $4,849
- Reckless Driving: $5,042
- At-fault Accident (damages less than $1000): $3,327
- At-fault Accident (damages greater than $2000): $3,889
- Speeding Ticket (16-20 mph over speed limit): $3,384
Providence Car Insurance by Credit Rating
Individuals with Very Poor credit (300-579) normally pay more than twice as much every year on premiums than those with Exceptional credit (800-850). Drivers will see the greatest percent drop in premiums when they upgrade their credit from Very Good (740-799) to Exceptional (800-850). That change can save them 20% per year.
- Very Poor: $5,117
- Fair: $4,293
- Good: $3,537
- Very Good: $2,898
- Exceptional: $2,327
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Providence Car Insurance by Gender and Marital Status
Car insurance premiums in Providence vary depending on driver traits such as gender and marital status. You spend roughly $180 more per year if you're single as opposed to married. Rates for those who are widowed are relatively cheaper than rates for those who are single. 2% is the amount by which men's and women's car insurance premiums differ.
- Female: $2,697
- Male: $2,745
- Single: $2,745
- Married: $2,561
- Divorced: $2,745
- Widowed: $2,653
Providence Car Insurance by Age
When you look across all age groups, drivers in their 50s have the smallest rates. Their rates typically average $2,446 per year. Car insurance premiums are highest for teenage drivers, with payments that average $10,672 per year. When drivers reach their 20s in Providence, therefore moving out of the teenage age range, they can save 65% on car insurance. You will not see a larger gap between any other age group. While insurance rates for drivers in Providence will continue to shrink through their 50s, they should anticipate an increase when they turn 60.
- Teenagers: $10,672
- 20s: $3,750
- 30s: $2,704
- 40s: $2,591
- 50s: $2,446
- 60s: $2,772
- 70s: $3,037